Rise in Use of Consumer Electronic Devices Triggering Growth in the Global NOR Flash Market: Technavio Report

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  • The key vendors of the Global NOR Flash Market 2014-2018 are Macronix International Co. Ltd., Micron Technology Inc., Spansion Inc. and Winbond Electronics Corp.

London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global NOR Flash Market 2014-2018.   The convergence of NOR Flash and NAND Flash is one key trend emerging in the market. By combining the two technologies, NOR Flash and NAND Flash, certain end-users are able to get the best out of both, which is expected to drive the Global NOR market. The Global NOR Flash market is expected to decline at a CAGR of 1.3 percent during the forecast period of 2013-2018.

“There is growing demand for cellphones in the APAC region and several other developing economies, which is contributing to the growth of the Global NOR Flash market,” says Faisal Ghaus, Vice President of TechNavio Research.

“Increased disposable income and per capita income of consumers have increased the demand for such devices. NOR flash is used in almost all consumer electronic devices, especially cellphones.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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